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J.l

BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM
June 4, 1959
DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BANKS, FIRST HALF OF MAY 1959
(Averages of daily figures^/' In millions of dollars)
Borrowings
Demand
Gross demand deposits
Reserves with F.R.Banks at Federal
Net demand
Time balances due
Reserve
deposits 2/ deposits from domestic
U. S.
Total Required Excess
Other
banks
121,388 12,624 4,617 104,146
18,643 3/18,173 470
757
103,756
54,519
6,359

Class of bank
and
Federal Reserve District
All member banks
Central reserve city banks:
New York
3,963 31
73
18,728
23,879
20,557
3,994
5,256
3,992 1,159
73
50
1,040 -1
6,174
4,664
110
1,038
1,152
1,429
Chicago
358
5,379
4l6
Reserve city banks
7,748 64
7,812
47,970
40,325
21,889
2,039
6,155 1,739
40,077
Boston
360
35&
222
7
2,35T
I,944
23
2,105
329
91
New York
13
42
1,154
1,062
199
I,007
656
199
39
50
Philadelphia
464
23
466
122
100
3,123
467
2,650
2,534
536
Cleveland
985
2,670
526
5,161
5,899
5,017
356
173
993
Richmond
438
442
4oo
120
2,417
2,429
2,893
752
Atlanta
49
494
2,682
498
256
874
698
2,731
3>49
69
Chicago
918 10
39
928
4,640
5,502
520
4,705
255
3,051
277
St. Louis
17
122
353
2
640
498
1,989
2,437
78
1,719
355
18
Minneapolis
175
2
4l
266
1,232
883
177
291
979
100
Kansas City
472
8
480
264
2,674
619
2,473
3,352
794
Dallas
36
541
8
360
2,760
1,127
549
123
843
2,938
3,727
San Francisco
2,349 14
37
2,364
II,882
II,021
12,840
606
285
10,617
353
218
5,422 377
Country banks
40,678
4,137
1,326 1,361
5,798
43,364
25,945
37,495
Boston
406 l5~
422
190
8
946 47
New York
392
993
'Wo
4oo 28
428
Philadelphia
2,438
267
2,528
2,904
2,744
488
443 45
Cleveland
106
300
24
2,883
3,283
3,152
2,515
335 28
292
363
Richmond
2,349
1,538
2,780
94
2,571
U5
465 30
Atlanta
1,668
463
108
4,088
495
3,721
3,473
259
838 61
Chicago
4,708
899
6,310
637
5,479
137
5,990
268 20
288
St. Louis
2,251
2,129
1,055
253
1,954
243 16
Minneapolis
1,615
170
259
1,838
:
1,715
1,299
55
366
333 33
Kansas City
2,824
387
2,594
3,042
947
123
411
454
Dallas
1,029
3,265
592
205
3,676
69
3,950
334
42
84
343
194
San Francisco
2,471
1,718
2,255
2,596
other
than
interbank
and
United
States
Government,
less
cash
items
reported as in process of
NOTE:Demand deposits adjusted (demand deposits
collection) of all member banks amounted to $92,874 million.
For numbered footnotes see next page.




II

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1

§
11

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1M

J.la

DSPObI'.CS, R£oiikw£S, AJi) 30i^Uv,lflbo MfrfiMJiSR3A?JKS -- Continued
(Averages of daily figures. In milliony of dollar s7

Federal
Reserve
District

Demand deposits except interbank
Time deposit
1st half 2nd half I 1st half 1st half I
hair 1st half
May 1959 April 1959 May 1958 May 1959 1April 1959 May 1958
Country banks in places with po;pulatj.cn of 15,000 and over l/

Total
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

27,855

27,987

26,456

16,272

16,217

14,981

2,990
5,071
1,747
1,973
1,678
2,733
4,073
1,073
876
1,230
2,175
2,230

3,022
5,199
1,728
1,967
1,669
2,759
4,055
1,072
872
l,24l
2,190
2,213

2,868
4,860
1,603
1,934
1,644
2,801
3,859
1,011
827
1,142
2,090
1,816

]T,092
3,823
1,183
1,377
774
1,092
3,210
543
581
438
709
1,450

1,087
3,815
1,177
1,371
772
1,088
3,204
540
581
435
700
1,445

1,035
3,448
1,074
1,283
742
1,119
3,001
529
527
398
641
1,183

Country banks in plac=:s with pofDulation of less than 15,000
Total
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
St. Louis
Minneapolis
Kansas City
Dallas
San Francisco

14,184

14,143

13,456

9,673

9,634

8,914

389
1,605
1,130
1,280
986
1,097
2,100
1,119
894
1,689
1,570
325

392
1,539
1,121
1,281
977
1,102
2,100
1,118
896
1,698
1,598
327

370
1,524
1,105
1,230
954
996
2,059
1,055
846
1,548
1,476
293

293
1,822
1,255
1,138
763
576
1,498
512
718
509
320
268

=93
1,819
1,250
1,134
760
571
1,491
510
718
506
317
268

249
1,723
1,190
1,062
709
515
1,384
472
659
445
260
247

l/ Includes any banks in outlying sections of reserve cities which have been given
permission to carry the same reserves as country banksj also includes member
banks in Hawaii.
Footnotes for preceding page (J.l):
l/ Averages of daily closing figures for reserves and borrowings and of daily
opening figures for other columns, inasmuch as reserves required are based
on deposits at opening of business.
2/ Demand deposits subject to reserve requirements, i.e., gross demand deposits
minus cash items reported as in process of collection and demand balances due
from domestic banks.
3/ Revised weekly figures compared with those given in published weekly statements:

May
May
May
May

6
13
202/
272/

2/ Preliminary




Required
reserves

Excess
reserves

Free
reserves

18,213
18,096
18,209
18,049

358
454
620
344

-317
-255
-233
-314

,4b
DEPOSITS, RESERVES, AMD BORROWINGS OF MEMBER BAMS — Continued
(Averages of daily figures; in millions of dollars. Comparability of figures
is affected somewhat by changes in Federal Reserve membership, absorptions,
etc., particularly in States or other areas designated by an asterisk.)
Demand deposits except interbank
Time deposits
1st half 2nd half 1st half 1st half 2nd half 1st half
April 1959 May 1958..
ril 1959 May 1958
Country banks in places with a population of less than 15,000
Total
15718470 14,148.3 13,455.5
9,673-0
5791^3
u p p
Total, all States 14,177.2 l4,141.2 137550.7
9,626.2
90S". 7
New England
396.2
377-1
Maine
New Hampshire
Vermont*
Massachusetts
152.0
155.2
Rhode Island*
Connecticut*
47.1
45.0
32.8
31.1
Middle Atlantic
3,018.9
2,936.2
3,360.8
3,373.1
New York
j-70 • 7 1,109.3
1,281.7
1,092.0
1,274.8 1,200.
New Jersey
717.0
700.6
781.3
726.0
781.3
Pennsylvania
1,123.2
1,109.9
1,102.9
1,304.7 1,250
1,310.1
E. North Central
3,128.
3,045-4
2,500.
2.339.3
3,133.9
2,510.1
Ohio
811.9
(79
807.5
739-0
741.3
Indiana
490.4
500.8
492.
300.5
Illinois
1.194.3
687.6
1,193.5
1,159.7 !
Michigan
362.3
360.0
472.3
343.5
Wisconsin
269.O
272.8
301.2
270.1
301.7
W. North Central
2,lb5.4
2.147.4
2,020.1
970.7
Minnesota
341.2
335.0
318.3
334.8
341.6
Iowa
367.2
152.7
360.0
139.
153.3
Missouri
387.8
385.1
150.2
142.7
151.6
North Dakota
99-1
56.0
99.6
48.5
55.
South Dakota
135-4
64.4
134.1
119.2
64.9
55.9
Nebraska
345.5
346.7
54.6
64.3
63.
Kansas
442.8
142.1
487.5
495.0
127.8
143.0
South Atlantic
1,591.6
1,585.6
1,502.9
1,055.6
1,048-7
978.1
Delaware*
7.1
7-1
15.2
13.3
7.5
166.6
Maryland
163.7
178.9
152.5
153.9
417-4
408.8
Virginia
414.8
386.6
408.3
371.4
197.2
Vest Virginia
202.2
116.0
194.7
108.0
130.6
North Carolina
130.9
123.4
62.1
57-7
South Carolina*
94.2
86.6
93-6
32.1
29.3
Georgia
117.7
112.2
117.0
58.1
460.8
Florida
215.1
463
212.1
397.8
E. South Central
725.4
729.I
364.7
670.9
323.3
Kentucky
261.1
105.1
290.2
105.I
90.5
Tennessee
141.6
187.5
141.4
131.1
Alabama
181.1
89.4
90.1
79-5
Mississippi
28.
22.2
70.3
29.0
W. South Central
2,170.8
2,l4o.8
1,994.4
440.5
528.0
523.5
Arkansas
162.7
162.9
63.7
55.4
Louisiana
178.9
178.7
71.5
79-9
Oklahoma
389.2
118.8
389.6
117.8
99.9
Texas
1,410.0
1,439.6
262.1
213.7
Mountain
766.6
766.0
350.1
310.9
Montana
201.9
191.6
199.3
Idaho
26.0
26.6
Wyoming
109.3
103.2
Colorado
274.4
272.0
250.9
105.3
New Mexico
120.1
118.8
105.8
Arizona
4.2
5.4
Utah
25.9
27.7
Nevada
3.1
3-2
Pacific
261.7
210.8
233.7
210.9
Washington*
Oregon*
California*
125.0
Alaska*
20.2
Virgin Islands